Ryder System Reports Eighth Consecutive Quarter of Comparable Earnings Per Share Growth
In a recent conference call, Ryder System Inc. reported its third quarter 2026 earnings release, highlighting a continued streak of comparable earnings per share growth. The company's balanced growth strategy has led to improved financial and operating metrics, with key highlights including consistent execution on strategic initiatives, improving performance in used vehicle sales and rental, and a more resilient business mix.
John Diez, Chief Executive Officer, noted during the call that the Ryder team delivered an eighth consecutive quarter of comparable earnings per share growth. Strong results were driven by consistent execution on strategic priorities and improving performance in key areas such as used vehicle sales and rental. This marks another successful quarter for the company under its balanced growth strategy.
Diez emphasized that operational excellence is a core strength of Ryder, enabling it to leverage full end-to-end capabilities to solve customers' toughest logistics and transportation challenges. Investing in customer-centric innovation remains a priority, with efforts focused on proactive supply chains and giving customers a competitive advantage through platforms such as RyderShareâ„¢ and RyderGydeâ„¢.
The company continues to drive operating efficiencies by deploying automation and robotics in warehouses and remain committed to profitably growing contractual relationships. Over 90% of revenue is generated from long-term contracts, which has proven to be a key driver of business model resilience over the cycle.
Diez expressed confidence that Ryder's market-leading solutions, strong relationships, and transformed model will continue to drive long-term earnings growth. The company is also excited to unlock its full earnings potential as it continues executing on strategic priorities against a backdrop of an improving freight environment.
The balanced growth strategy has led to a broader and more diversified revenue mix for Ryder. Key financial and operating metrics have improved since 2018, reflecting the effectiveness of this approach. In 2018, prior to the implementation of the balanced growth strategy, the majority of revenue was from the Fleet Management segment.
Today, Ryder's revenue mix has shifted towards Supply Chain and Dedicated segments, with approximately 60% of expected revenue generated by these asset-light businesses compared to 44% in 2018. This shift reflects organic growth, strategic acquisitions, and innovative technology.
